Multi Company Notes

July 1, 2024 In Multi Company Notes By Hassan I. Ahmed

U.S. Chemicals – Expecting Some H2’24 Weakness in the Polyethylene Market

Key Points Widening delta between U.S. and Asian prices, relatively tepid demand, bloated Chinese inventories, and slack supply/demand point to near-term polyethylene price and margin headwinds Higher Brent crude oil prices and...

June 10, 2024 In Multi Company Notes By Hassan I. Ahmed

Global Chemicals – MDI Margins and Demand Showing Some Signs of Life; Slightly Raising 1COV.DE and HUN’s TP

Key Points Periods of extreme MDI demand weakness, similar to the last two years, typically followed by strong demand rebounds Project delays and planned/unplanned outages could serve as margin tailwinds for the...

May 28, 2024 In Multi Company Notes By Hassan I. Ahmed

U.S. Chemicals – TiO2 Cycling Up; Slightly Lowering CC’s TP

Key Points History suggests that demand- and profitability-plagued periods, like 2022/2023, were followed by rapid margin and volume gains. The EU imposing anti-dumping duties on Chinese TiO2 could be the source of...

Multi Company Notes

U.S. Chemicals – Expecting Some H2’24 Weakness in the Polyethylene Market

Global Chemicals – MDI Margins and Demand Showing Some Signs of Life; Slightly Raising 1COV.DE and HUN’s TP

U.S. Chemicals – TiO2 Cycling Up; Slightly Lowering CC’s TP

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